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GRM OVERSEAS-Riding the RICE Theme! CMP-301.60;Mkt Cap-111 Cr;PE-3.51(on Consol EPS of 85.92);Stable Promoter Holding-73.62%;Div Payer. What’s the STORY?-Thailand drought has led to 40% reduction in rice production in world’s 2nd largest exporter of rice(No.1India,No.3Vietnam)...
...& 13% drop in exports has led to lowest Thai rice export in last 20 yrs(also unfavourable Thai currency deterrent to exports),leading to buoyant rice price amidst supply crunch.Q4 of GRM was simply astounding with Consol EPS of 58.22(just like KRBL,LT Foods & Chamanlal;...
...Also, Q1 of LT & Chamanlal have been very robust-even better QoQ!)
(Peers-KRBL PE-12.80;Chamanlal PE-6.87;LT Foods PE-8.28.)
In the light of these events, a solid Q1 & with bright Q2/Q3 prospects, this fundamental change in supply mismatch dynamics can boost GRM prices...
(Peers-KRBL PE-12.80;Chamanlal PE-6.87;LT Foods PE-8.28.)
In the light of these events, a solid Q1 & with bright Q2/Q3 prospects, this fundamental change in supply mismatch dynamics can boost GRM prices...
...significantly(also, given the Lowest TTM PE of 3.51,which is likely to fall further with Q1). Interesting to watch Q1. COVID Commentary by the management- “As the nature of business performed by the co falls under the essential category & the co continued its manufacturing...
...facilities & distribution amidst lock down in accordance with guidelines. Though there have been some operational difficulties, the impact on overall operations have not been significant.” Finally, Technically, the stock has ended its long term DownTrend & a fresh UpTrend...
is on, on the back of heavy volume support. A CLOSE above 359.95 (looks imminent), will signal a Breakout above the Lifetime High!
